Enrollment Year-End Reminders
- Review Your Confirmation Statement: Annual Benefits Enrollment ended November 15. You will receive a confirmation statement showing your 2020 benefits elections. Please take a minute to review it. If you need to make a change, call Your Benefits Resources at 1-877-262-4849 before December 27, 2019.
- Dependent Verification: If you added a new dependent to your benefits during annual enrollment, you will receive a verification request notice and package at your home address. Follow the instructions and respond by the deadline. If you do not complete and return the requested documents, your dependents will be ineligible for coverage and removed from BMC benefits.
- Medical Plan Deductible: Remember, you pay a deductible before most plan benefits pay. Reducing unnecessary costs and being a smart consumer saves you money while you are meeting your plan deductible and helps reduce overall plan costs after you meet your deductible.
- If You Take Specialty Drugs: On January 1, 2020, Express Scripts will introduce SaveonSP, a program that covers a variety of specialty drugs at 100%. If you enroll in the SaveonSP program, you will not have a copay or cost for the speciality drugs on the SaveonSP list. Most BMC employees and their family members will not be affected by this change; few take specialty prescription drugs. If this program affects you, you will receive information from SaveonSP on how to enroll in the program.
Enrollment in the program is voluntary. If you choose not to participate, you will be responsible for the copay. Keep in mind that the copay will not count towards your deductible or out-of-pocket maximum.
For example:
You are on Copaxone. Your copay is currently $70. Effective January 1, 2020, your copay will increase to $1,000.
If you enroll in the SaveonSP program, the manufacturer copay assistance program pays your full copay, and you will pay nothing ($0).
If you choose not to enroll in the SaveonSP program, your financial responsibility will be the full $1,000 copay. Also, the $1,000 copay will notcount towards your deductible or out-of-pocket maximum.
If you are newly prescribed to one of these specialty drugs, Accredo will identify you when you first attempt to fill the prescription and put you in contact with SaveonSP to enroll in the program.
- Dependent Audit Begins January 6: To help control costs and administer health benefits fairly, BMC is preparing to conduct a dependent eligibility audit starting January 6, 2020. We will partner with Alight Dependent Verification Services (DVS). Many other employers conduct dependent eligibility audits as a process to verify that dependents covered under a medical plan option are eligible for coverage according to plan rules. The audit will help both you and BMC because it controls premium increases and promotes honesty and fairness to all participants. Watch your email for more information. Read More.
- ID Cards: If you enrolled in a BMC medical plan for the first time or you changed plans from 2019 to 2020, you will receive medical ID card(s) before the end of December. Dental and vision ID cards are not required, so you will not receive one in the mail. Just have your provider contact Delta Dental at 1-800-521-2651 or VSP at 1-800-877-7195 when you get care. You can also download the apps to your smartphone, and you'll always have a copy of your ID card with you.
bWell Builds Update
Congratulations to team Stack IT on their first-place finish in the bWell Builds Stack Your Steps Challenge, October 21 to November 19. The team logged an average of 6,173 flights of stairs. Members of the Stack IT team, Mary C., Ana D., Luci L., Jacquetta M., Kevin R., and two additional team members, will each receive a $250 gift card. And Charles B. and Luci L. took top honors for stacking the most flights of stairs and will receive a $250 gift card. Congratulations, Charles and Luci!
Runners up included team America's Helix BRMs logging 2,948 flights of stairs, followed by team Db2 Admin Steppers with 2,663 flights of stairs.
In addition to the challenge winners, 200 participants climbed up 500 flights of stairs during the challenge, logged their activity on mybmcwellness.com, and earned 500 bWell points. Way to go!
Kelsey-Seybold Joins Blue Cross Network
Last month Blue Cross Blue Shield of Texas (BCBSTX) entered into a multi-year contract with Kelsey-Seybold Clinic locations in the Houston area.
BMC employees and their covered dependents covered under the PPO and HSA medical plans will have access to the Kelsey-Seybold network starting January 1, 2020. BCBSTX members will have access to more than 400 physicians and allied health practices at 21 Kelsey-Seybold locations in the Greater Houston area. The organization operates the largest freestanding Ambulatory Surgery Center in the state of Texas and offers state-of-the-art radiation therapy technology at a nationally accredited Cancer Center.
Naturally Slim Sign Up Begins January 13
Ever wonder how some people can eat all their favorite foods and not gain weight? Naturally Slim is an online program that will teach you how. And here’s a hint: it doesn’t include starving, counting calories or spending hours prepping ‘approved’ foods.
BMC is giving you the chance to learn how to eat the foods you love while reducing your risk of developing severe conditions, like diabetes or heart disease.
Naturally Slim is available at NO COST to you and is accessible via computer and mobile device so you can participate whenever it’s convenient, wherever you are.
The sign-up period runs January 13 to 24, and the program begins February 10. Space is limited, so mark your calendars and go to naturallyslim.com/bmc to learn more.
Employees, spouses, and adult dependents over the age of 18 covered on the BCBS medical plan are eligible to apply.
Using Mindfulness to Take Charge of Your Eating
In this busy world, it's common to quickly devour meals in between (or during!) other pressing tasks. Perhaps you stare at a screen while eating, and in a blink, the meal disappeared, and you barely noticed it. Mindless eating is when your primary attention is elsewhere—not on your food. However, you can improve your eating habits by practicing mindfulness around food. You’re likely to eat better food, and perhaps less food.
Join Magellan’s live interactive webinar Using Mindfulness to Take Charge of Your Eating on Wednesday, Dec.11, at 1 p.m., CST. Learning objectives include:
- Define and describe mindful eating as it pertains to physiological processes
- Practice an essential mindful eating exercise
- Learn how to use mindful eating strategies to obtain your goals
Space is limited, so register now.
Tips for Mindful Eating
Emotional or stress eating is an unhealthy way to suppress our negative emotions such as fear, anger, and sadness. To avoid emotional eating during holiday events:
- Bust stress and avoid eating by going for brisk walks, doing some indoor exercises at home, or hitting the gym.
- While you don’t want to deny yourself yummy holiday desserts, fill most of your plate with healthier foods.
Daily diligence
Make better eating decisions! Habits such as rushing through meals, leaning on junk food, or snacking late at night don't support optimal health.
- Don't rapidly devour your lunch or dinner while glued to a screen or reading. Get away from technology, slow down, breathe between bites, and note when you're full.
- Strive to follow and cook a new healthy recipe at least once per week.
- Mindful eating means being fully attentive to your food—as you buy, prepare, serve, and consume it.
- Distracted eating makes it harder to listen to your body’s signals about food and other needs.
- Try gradually changing the habit of eating and not paying attention. Your eating will be more in control, and you'll enjoy it more.
Source: magellanascend.com
November FEDTalks Prize Winner
Congratulations to Tim P., who attended the FEDTalk virtual workshop on November 14, and won a Google Nest Hub.
If you weren’t able to make it to the November 14 FEDTalk, you could still earn 150 bWell points. Attend another “Create a Budget, Ditch Your Debt, and Start Building for the Future" virtual workshop with a Fidelity expert. Then, submit a screenshot from the workshop to the Benefits team via a My Request ticket to confirm your attendance.
Watch your email for details about the next FEDTalk on January 14, 2020.
FEDTalks are part of a series of quarterly financial well-being workshops BMC hosts featuring Fidelity experts. Whatever your age or financial goals and challenges, these workshops are designed to help you get to your financially healthy place by better managing your finances, making smart financial decisions, and saving for retirement.
Sandwiched: Balancing Financial Priorities
According to the Pew Research Center, 1 in 7 middle-aged adults (15%) is providing financial support to both an aging parent and a child. Why are so many feeling this financial squeeze? People are living longer. They are having children later.
Meanwhile, many young adults are finding it too expensive to live on their own. Hence, the “boomerang kids” phenomenon. Add in rising health care expenses for older Americans, and you have the makings of today’s sandwich generation.
Year-End Tax Saving Reminders
The end of the year is an excellent time to check on your workplace financial accounts. The last day of December is sometimes an urgent deadline, so it can make sense to do some year-end housekeeping.
Max out retirement and health savings accounts. Before-tax contributions to the BMC 401(k) Plan will reduce current year taxes. The 2019 contribution limit is $19,000. People over age 50 can contribute an extra $6,000 in catch-up contributions, for a maximum contribution of $25,000. The contribution limit increases to $19,500 for 2020; the catch-up contribution limit rises to $6,500. The deadline is December 31 for this year's contributions.
Contributions to a health savings account (HSA) reduce taxes too. The IRS maximum annual contribution limit for HSAs in 2019 is $3,500 for those individuals electing single coverage under the HSA medical plan), and $7,000 for those electing family coverage. Individuals over age 55 may contribute an additional $1,000 (this applies to both single and family HDHP coverage). Family coverage includes any level of coverage other than employee-only coverage. The deadline for 2019 contributions to an HSA is April 15, 2020.
Source: Fidelty.com